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ABFS
Appropriate Balance Financial Services Portfolio holdings
AUM
$2.01M
1-Year Est. Return
19.83%
This Fund
S&P 500
This Quarter
Est. Return
+5.22%
1 Year Est. Return
+19.83%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$156M
AUM Growth
+$4.75M
(+3.1%)
Cap. Flow
-$2.84M
Cap. Flow
% of AUM
-1.82%
Top 10 Holdings %
Top 10 Hldgs %
86.12%
Holding
35
New
3
Increased
6
Reduced
23
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Communication Services ETF
VOX
|
+$7.02M |
| 2 |
iShares US Telecommunications ETF
IYZ
|
+$2.58M |
| 3 |
Alibaba
BABA
|
+$547K |
| 4 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$273K |
| 5 |
Vanguard Morningstar Growth ETF
VUG
|
+$77.7K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$10.1M |
| 2 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$754K |
| 3 |
O'Reilly Automotive
ORLY
|
+$571K |
| 4 |
Invesco QQQ Trust
QQQ
|
+$419K |
| 5 |
iShares Core S&P Small-Cap ETF
IJR
|
+$362K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.54% |
| 2 | Communication Services | 2.18% |
| 3 | Technology | 0.71% |
| 4 | Healthcare | 0.41% |
| 5 | Financials | 0.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PayPal
PYPL
$48.9B
| $519K | 0.33% |
12,685
-752
| -6% | -$28.9K |
|
27
Starbucks
SBUX
$120B
| $494K | 0.32% |
9,140
-331
| -3% | -$18.5K |
|
|
28
Vanguard Morningstar Growth ETF
VUG
$220B
| $489K | 0.31% |
26,160
+4,176
| +19% | +$77.7K |
|
29
Salesforce
CRM
$151B
| $486K | 0.31% |
6,816
-406
| -6% | -$31.7K |
|
30
Walt Disney
DIS
$167B
| $470K | 0.3% |
5,069
-164
| -3% | -$15.7K |
|
31
Under Armour
UAA
$2.84B
| $299K | 0.19% |
7,735
-199
| -3% | -$8.04K |
|
32
Vanguard Morningstar Small-Cap ETF
VB
$79.5B
| $250K | 0.16% |
2,049
+9
| +0.4% | +$1.09K |
|
|
33
O'Reilly Automotive
ORLY
$72.9B
| – | – |
-31,620
| Closed | -$571K |
|
34
Under Armour Class C
UA
$2.77B
| – | – |
-5,547
| Closed | -$201K |
|
|
35
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
| – | – |
-182,472
| Closed | -$10.1M |
|
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Appropriate Balance Financial Services's Q3 2016 Portfolio in Review
As of Q3 2016, Appropriate Balance Financial Services held 35 positions worth $156M, up 3.1% from $151M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Appropriate Balance Financial Services's Q3 2016 filing shows 3 new, 6 increased, 23 reduced and 3 closed positions. Its largest new stake was Vanguard Communication Services ETF: 72,341 shares worth $6.83M. The largest sale was State Street Consumer Staples Select Sector SPDR ETF, an estimated $10.1M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.5% of assets, down from 2.6% a quarter earlier, followed by Communication Services and Technology.
- Appropriate Balance Financial Services's largest Q3 2016 buy was Vanguard Communication Services ETF: 72,341 shares worth $6.83M.
- Appropriate Balance Financial Services added most to Vanguard Morningstar Mid-Cap ETF in Q3 2016, an estimated $273K increase.
- Appropriate Balance Financial Services's biggest Q3 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $754K.
- Appropriate Balance Financial Services fully exited State Street Consumer Staples Select Sector SPDR ETF in Q3 2016, selling an estimated $10.1M.
- Appropriate Balance Financial Services's ten largest holdings make up 86% of its $156M portfolio in Q3 2016.
- Appropriate Balance Financial Services opened 3 new positions and closed 3 in Q3 2016.
- Appropriate Balance Financial Services's portfolio value rose 3.1% quarter-over-quarter to $156M.
Based on Appropriate Balance Financial Services's 13F filing for Q3 2016, filed 18 Oct 2016.